Why Viavi Solutions (VIAV) Stock Is Down Today

Viavi Solutions (VIAV) is down 4.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely explanation is that investors are taking profits after reviewing a very strong fiscal fourth-quarter report and then focusing on items that may limit near-term upside, including a higher share count from the company’s May equity offering. This could also be because the stock had already rallied hard on AI data-center and network-testing enthusiasm, making it vulnerable to a pullback even after good results.

Details:

Viavi’s fiscal fourth-quarter results were strong, with revenue of $443.1 million and non-GAAP EPS of $0.34, both above the company’s prior outlook and ahead of published consensus figures.

Management also guided fiscal first-quarter 2027 revenue to $450 million to $460 million and non-GAAP EPS to $0.40 to $0.42, pointing to continued momentum in data center, aerospace, and defense markets.

Even so, the company completed a follow-on stock offering during the quarter, raising $575 million and issuing about 12.78 million shares, which increased diluted share count and may have weighed on sentiment.

Management highlighted continued strength in Network and Service Enablement, but softer wireless demand and the stock’s earlier sharp run may have encouraged short-term selling despite the upbeat report.

Sources:

Viavi Solutions, SEC, MarketBeat

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$VIAV Insider Trading Activity

$VIAV insiders have traded $VIAV stock on the open market 20 times in the past 6 months. Of those trades, 0 have been purchases and 20 have been sales.

Here’s a breakdown of recent trading of $VIAV stock by insiders over the last 6 months:

OLEG KHAYKIN (President & CEO) has made 0 purchases and 8 sales selling 365,397 shares for an estimated $14,160,654.
RICHARD BELLUZZO has made 0 purchases and 3 sales selling 79,943 shares for an estimated $3,493,105.
LUKE M SCRIVANICH (SVP General Manager OSP) has made 0 purchases and 3 sales selling 24,594 shares for an estimated $936,356.
DONALD A COLVIN sold 25,000 shares for an estimated $730,750
KEVIN CHRISTOPHER SIEBERT (SVP Gen. Counsel & Secretary) has made 0 purchases and 2 sales selling 15,519 shares for an estimated $698,577.
DOUG GILSTRAP sold 10,000 shares for an estimated $550,000
PAUL MCNAB (EVP, Chief Mktg & Stgy Officer) has made 0 purchases and 2 sales selling 6,278 shares for an estimated $266,668.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$VIAV Hedge Fund Activity

We have seen 279 institutional investors add shares of $VIAV stock to their portfolio, and 224 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BLACKROCK, INC. removed 9,509,250 shares (-27.0%) from their portfolio in Q2 2026, for an estimated $454,066,687
PRICE T ROWE ASSOCIATES INC /MD/ added 8,681,201 shares (+576.6%) to their portfolio in Q1 2026, for an estimated $288,910,369
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 5,897,957 shares (-88.4%) from their portfolio in Q1 2026, for an estimated $196,284,008
WELLINGTON MANAGEMENT GROUP LLP removed 5,556,301 shares (-50.5%) from their portfolio in Q1 2026, for an estimated $184,913,697
CAPITAL WORLD INVESTORS removed 4,050,091 shares (-25.9%) from their portfolio in Q1 2026, for an estimated $134,787,028
WHALE ROCK CAPITAL MANAGEMENT LLC added 3,473,152 shares (+inf%) to their portfolio in Q1 2026, for an estimated $115,586,498
FMR LLC added 3,282,361 shares (+548.3%) to their portfolio in Q1 2026, for an estimated $109,236,974

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$VIAV Congressional Stock Trading

Members of Congress have traded $VIAV stock 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $VIAV stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 3 times. They made 0 purchases and 3 sales worth up to $45,000 on 05/04, 03/27, 03/09.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$VIAV Price Targets

Multiple analysts have issued price targets for $VIAV recently. We have seen 5 analysts offer price targets for $VIAV in the last 6 months, with a median target of $66.0.

Here are some recent targets:

Mehdi Hosseini from Susquehanna set a target price of $66.0 on 07/01/2026
Mike Genovese from Rosenblatt set a target price of $70.0 on 06/10/2026
Ryan Koontz from Needham set a target price of $68.0 on 04/30/2026
Andrew Spinola from UBS set a target price of $60.0 on 04/30/2026
Dave Kang from B. Riley Securities set a target price of $53.0 on 04/24/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.